Police probe Salim Mehajer's alleged $20 million offshore transfer

Controversial former deputy mayor Salim Mehajer is said to be the subject of a new police investigation after allegedly transferring $20 million to a bank account in Lebanon.

An investigation examining the alleged multi-million-dollar transfer has been prepared by NSW Police, News Corp reports.

The transfer of money to offshore accounts does not break Australian law, however Mr Mehajer's legal woes, including a prison sentence for fraud in 2013, have left him under close scrutiny by police and investigation watchdogs.

Mr Mehajer’s embattled property development company, SM Project Developments, is currently under a separate investigation by the Australian Taxation Office, who are seeking more than $1 million in unpaid taxes.

The former deputy mayor of Auburn entered the property market after helping his father Mohamad build SM Project Developments.

In 2008 Mohamad Mehajer, who migrated with his wife Amal from Lebanon two decades ago, unsuccessfully tried to bribe a bank employee with $2000 to approve a loan that would help keep his struggling business afloat.